Mr Cooper Group Inc (COOP)

[UncleBo]

This is the end...of the saga

http://www.wmitrust.com/wmitrust/document/8817600191101000000000001

Note 3: Motion to Close Chapter 11 Cases

"The chapter 11 cases of the Debtors are substantially complete with all assets having been marshalled and all claims resolved. The only material pending action includes collecting the B&O Tax Receivable (See Note 6) and initiating final distributions to relevant beneficiaries of the Trust. The Trust intends to file an application with the Bankruptcy Court to close the chapter 11 cases of the Debtors in November 2019, with a hearing date scheduled for December 19, 2019, which date may be subject to change.

Shortly after the Court enters the order to close the chapter 11 cases, the Trust intends to make one final cash distribution to holders of Class 18 Allowed Claims (See Note 5), and redistribute shares in the Disputed Equity Escrow (See Note 7). Any outstanding LTIs and escrow markers will be canceled.

Subsequent to the Bankruptcy Court approving the closure of the chapter 11 cases, the Trust will remain open for a period of time in order to wind-up its operations. Following a final distribution of cash to relevant beneficiaries of the Trust, no additional distributions (of cash or equity in Reorganized WMI) will be made. As provided for in the Plan and Liquidating Trust Agreement, any funds remaining on hand immediately prior to the dissolution of the Trust will be donated to one or more charitable organizations.
It should be noted that the actual timing associated with all of the foregoing actions may be subject to change due to many factors, including, but not limited to a delay by the Bankruptcy Court approving the closure of the chapter 11 cases, tax audits, delays in collecting the B&O tax refund (See Note 6), and/or the refiling of a prior disputed claim."

"As provided for in the Plan and Liquidating Trust Agreement, any funds remaining on hand immediately prior to the dissolution of the Trust will be donated to one or more charitable organizations."